Netflix (NASDAQ:NFLX) Stock Price Down 2.7% on Insider Selling

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price was down 2.7% on Tuesday after an insider sold shares in the company. The stock traded as low as $1,194.10 and last traded at $1,191.92. Approximately 1,229,633 shares traded hands during trading, a decline of 67% from the average daily volume of 3,743,091 shares. The stock had previously closed at $1,224.46.

Specifically, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director now owns 63,040 shares of the company's stock, valued at $78,948,144. The trade was a 33.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 1,090 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research note on Thursday, April 17th. Citigroup reissued a "neutral" rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Pivotal Research boosted their price objective on Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,156.73.

Netflix Stock Down 0.2%

The business has a fifty day moving average of $1,120.37 and a 200 day moving average of $999.25. The firm has a market cap of $515.86 billion, a P/E ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the company posted $8.28 earnings per share. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Institutional Investors Weigh In On Netflix

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. FMR LLC increased its holdings in shares of Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after acquiring an additional 375,234 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Netflix by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after acquiring an additional 304,399 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after acquiring an additional 175,596 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.